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AIRPORTS (TRANSITIONAL) ACT 1996 No. 36 of 1996 - SECT 86
86 Appropriation-grant of airport lease to Commonwealth-owned company
(1) The Consolidated Revenue Fund is appropriated for the purposes of the
making of either or both of the following payments:
(a) a payment by the Commonwealth to a Commonwealth-owned company of an
amount by way of a loan to enable the company to pay consideration for
any or all or the following:
(i) the grant of an airport lease under section 21;
(ii) the transfer or lease of assets under section 23 or 24;
(iii) the transfer of assets under section 30 or 31;
(b) a payment by the Commonwealth to a Commonwealth-owned company by way
of consideration for the issue to the Commonwealth of shares in the
company, where the whole or a part of the proceeds of the issue are to
be applied by the company in paying consideration for any or all or
the following:
(i) the grant of an airport lease under section 21;
(ii) the transfer or lease of assets under section 23 or 24;
(iii) the transfer of assets under section 30 or 31.
(2) For the purposes of this section, a Commonwealth-owned company is a
company all of whose shares are beneficially owned by the Commonwealth.
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